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Global raw cashew prices hit decadal low on Covid impact

Covid-19 has taken its toll on international raw cashew nut price ranges, which are at their the most affordable in the very last ten-12 decades, ranging in between $900 and $one,250 a tonne depending on origin and quality.

The price ranges crashed during February-March — starting up with raw cashew internet (RCN) and later, kernels. But the current market moved up a little bit in April, thanks to a spurt in retail demand from customers in the US and the EU. Because of to reduction in RCN price ranges and the slowing down of demand from customers, price ranges eased a little bit in May well, reported Pankaj N Sampat of Samsons Traders.

The extended lockdown has strike usage in India as effectively, the biggest cashew client. Having said that, it is expected that the reduce price ranges will push up usage starting August, which is considered as the peak

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